July 15, 2015 - Rs 10,000 crore startup fund: SIDBI sets aside Rs 2,000 crore fund-of-funds to pick up equity in startups

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Digital Rs 10,000 crore startup fund: SIDBI sets aside Rs 2,000 crore fund-of-funds to pick up equity in startups The Small Industries Development Bank of India (Sidbi) on Tuesday said it has set aside Rs 2,000 crore for a fund-of-funds to pick-up equity in startups under the Rs 10,000-crore corpus announced in the Budget. Digital What is e-commerce? Government looks to define it as the market booms in India Hindustan Times As ecommerce market booms in India, government looks to define itFinally, the government has decided to face up to the question: what is ecommerce? This at a time when the value of online transactions has already touched $3.1 billion (about Rs 19,650 crore excluding travel portals) through popular sites such as Digital Microsoft to offer $120,000 worth of free cloud services to Indian startups under BizSpark Plus programme Will offer $120,000 a year of free Azure Cloud services to each of the qualified Indian startups Digital Online home healthcare services picking up in India Home healthcare costs are almost 20% less compared to a hospital visit Thanks to digital ... Retail Myntra.com hunts for new CEO after Mukesh Bansal's move to parent company Flipkart Myntra.com hunts for new CEO after Mukesh Bansal's move to parent company ...NEW DELHI: Myntra.com will look for a new chief executive officer to take the place of Mukesh Bansal, who has moved to a larger role at parent company Flipkart and is busy with taking the country's largest ecommerce firm to the next level, two people ...sp; Retail Nirmala Sitharaman to discuss e-commerce policy with state industry ministers today Commerce and industry minister Nirmala Sitharaman will discuss the e-commerce policy framework with state industry ministers on Wednesday. Retail Hyderabad-Based Price Comparison & Search Site MySmartPrice Raises $10M To Bring Physical Retailers Online In India India's e-commerce boom continues unbounded. Beyond the top players such as Flipkart and Snapdeal raising billions to support their capital intensive.. Retail CEO of Vini Cosmetics hanging outside paan bidi shops and kirana stores to know his customers Darshan Patel has his own frugal way of doing all that – by hanging outside paan bidi shops and kirana stores. Telecom Twenty first century could be India's century: IBM chief Rometty, who is on a two-day visit to the country, was speaking at IBM Think Forum Telecom Nokia could re-enter mobile phone market in 2016 "The right path back to mobile phones for Nokia is through a brand-licensing model," the company said in a statement. Telecom Mittal favours payment bank licence for telcos over banks Payment banks will provide basic savings, deposit, payment and remittance services to people who currently do not have a bank account, including millions of migrant workers Telecom Reliance ADAG infused crores in Swan Telecom, claims CBI The probe agency told a special 2G court that the front company was not eligible in March 2007 to apply for the radiowaves. Finance How SBI, Axis & Yes Bank are gearing up to take on Paytm, Mobikwik By tying up with enough merchants and e-commerce sites, banks hope their m-wallets would be as convenient as those offered by players like Paytm, Citrus, Oxigen and MobiKwik. Finance L&T Finance acquires 26% stake in Grameen Capital India Non-banking finance company, L&T Finance has acquired a 26 % stake in Grameen Capital India, enaged in credit enhancement and advisory services. Finance Religare Health Insurance promoters to invest Rs 100 crore in joint venture Religare Health Insurance plans to to break-even in the sixth year of operations or fiscal year 2017. Finance Bank of India goes to RBI against its auditors State Bank of India has red-flagged the power sector as a fast-ticking time bomb that could escalate the banking systems non-performing assets. Food/FMCG Lifting of Iran sanctions: Boon or bane for Indian companies? Iran and six world powers on Tuesday thrashed out a historic agreement that curbs Tehran's nuclear programme in exchange for lifting over a decade-long economic sanctions. Food/FMCG Increasing bang for the buck: How Indian FMCG firms should optimize trade and consumer promotion effectiveness Improving trade spends efficiency and effectiveness can have a significant impact. For example a 15% increase in ROI can have a 3-5% improvement in operating .. Food/FMCG Kopran sells its consumer care division Pharma firm Kopran today said it has received Board's approval for sale of consumer care unit, which manufactures and sells oral care and lifestyle products. The Board of Directors has approved the sale with effect from April 1, 2015, Kopran said Food/FMCG Snapdeal expands workforce by fourfold in a year to over 5000 Snapdeal lines up big plans for rural India - The online marketplace, which offers same-day and next-day delivery services, feels the uptake is largely an urban phenomenon. Software Foxconn to employ 1 million in India : Will build 12 factories CEO Gou says conditions more favourable, but major bottlenecks still to be solved Software How Google will be retaining its edge in mobile search? Google is currently trying to figure out how to maintain their position as a mobile search engine. Software E-tailers may have to give out vendor sales data : Amazon India, Flipkart, eBay expected to comply More states are expected to follow the lead of Delhi, UP and Kerala, which have introduced new disclosure norms, likely adding to cost of e-comm. Software Technical recruiting platform HackerRank raises $7.5M from Japan's Recruit Holding The site's coding challenges help the best programmers rise to the top Ecommerce Flipkart in advanced talks with MakeMyTrip to launch a ticketing platform in efforts to grow into a onestop shop for a range of offerings The services segment that includes travel bookings, mobile recharge and bill payments is emerging as a crucial growth front for online retailers. Ecommerce Price discovery and comparison platform MySmartPrice raises US$10 million in series B funding from Accel Partners and Helion Ventures This Indian price comparison site today raised funding from Helion Ventures and Accel Partners to further enable its users make better buying decisions. Ecommerce mChemist Global Pvt. Ltd. Launches Indias First True Online Pharmacy, mChemist.com; allows users to order medicines after signing up to the website At a time when the Drug Controller General of India is formulating a framework for online pharmacies to operate in India, mChemist has launched its operations Franchise P&G, ITC, HUL and others offering up to Rs 5 lakh as joining bonus to campus recruits Joining bonus is not just for CEOs. The trend of giving joining bonuses to campus recruits by blue-chip companies have begun gaining momentum... Franchise The secret to getting rich with your own hot concept HR Guess what hits India Inc. employees' productivity the most: Long commutes it is Industry experts directly link the biggest effects of long commutes to stress-related health issues, and its adverse impact on employee productivity and job satisfaction HR Oil Min reverts to promoters selecting Petronet CEO Press Trust of IndiaA new Search Committee comprising representatives of all Petronet's four promoter PSUs - GAIL, IOC, ONGC and BPCL - as well as GdF of France has been formed to select the new chief executive officer (CEO) of India's biggest liquefied natural gas company. HR Indian companies invested $15 billion, created 91000 jobs in United States India-based companies are responsible for creating 91,000 jobs and $15 billion in investments across the United States, according to a new report. HR Apple HR chief: Diversity challenge won't 'be changed overnight' Denise Young Smith also says Apple CEO Tim Cook is "personally involved" in improving diversity at the company. Logistics Agra's 'solar city' plan beginning to take shape; Govt is incentivising city residents to set up solar kits at home Uttar Pradesh New and Renewable Energy Department Agency (UPNEDA) has incentivized residents in the city to set up small solar power panels in their house by offering to set up the facility at a subsidized rate. Logistics FedEx ranked 20th in 'Great Place to Work' ranking by the same institute News (without Pic) | FedEx ranked 20th in "Great Place to Work" | KOLKATA | FedEx Express, a subsidiary of FedEx Corp, has been recognized among the top 20 best companies to work for in India by the Great Place to Work Institute. Logistics Adani in talks to acquire Gangavaram Port for $2.1b; Raju family holds 58% while Warburg Pincus 31% currently Adani Ports & Special Economic Zone has entered into exclusive talks to acquire Gangavaram Port near Vishakhapatnam in Andhra Pradesh for $2.1 billion, a deal which could make the company a dominant player on the country's eastern seaboard to capture the freight traffic in Bay of Bengal, people directly familiar with the matter said. Logistics Railways contemplating disposable linen for a price following complaints of unclean linen currently in trains; towels, pillow covers and even bed sheets are under consideration Swamped by thousands of complaints regarding the supply of dirty linen on board trains, Indian Railways is contemplating introduction of disposable towels, pillow covers and maybe even bed sheets for a price. Construction Construction and real estate sector would need additional 41 million workforce by 2022, According to NSDC As the government is set to launch the World Youth Skills Day on Wednesday, here is a reality check: There was just two percent growth in employable skills in the engineering sector last year. Construction Karnataka government sets up a three member committee on how to make Bengaluru a better city A three-member committee, set up by the Karnataka govt, submitted its report this week on how to tackle the huge infrastructure and other urban issues in Bengaluru. Construction French envoy Philippe Janvier Kamiyama says that Smart city initiative a key area to promote development The envoy was speaking at the 'At Home' reception hosted by him on the lawns of the French Consulate, marking the celebration of the 226th National Festival of France today. Construction Back-end offices drive realty market in NCR Office leasing activity finally gained some pace in Delhi NCR with seven large transactions in the April-June quarter. Marketing Travel sector feels 'World Yoga Day' will work well for tourism, Brand India : Report The recently observed World Yoga Day on June 21 has created yet another opportunity to enhance the power of Brand India Marketing Apple scores 92% of smartphone industry operating profits : analyst says The iPhone maker accounted for less than 20 percent of smartphones sold by the top vendors last quarter but ate up more than 90 percent of the total operating income. Marketing HUL picks ad created by Lowe to relaunch its soap brand Liril : Report Hindustan Unilever has gone down memory lane to choose one of the hottest Indian advertisements ever to relaunch its soap brand Liril. Marketing Nokia could re-enter mobile phone market in 2016 : Just in Nokia, which now basically focusses on telecommunications infrastructure and maps hinted at returning to the smartphone market. Politics AAP opts out of Bihar polls as JD(U) supports demand for full statehood for Delhi Lending support to Bihar Chief Minister Nitish Kumar's bid to retain power, Aam Aadmi Party has decided not to field its candidate in the poll-bound state. Politics Is Amitabh Thakur a scapegoat for Mulayam in wife Nutan's crusade against UP minister? On Monday, Thakur had gone to Delhi and approached the Union home ministry seeking a CBI probe into the rape case filed against him after he lodged a complaint against Mulayam for threatening him. Politics Sonia, Rahul, Manmohan meet to chalk out Congress' strategy for Parliament session Congress top brass including Sonia Gandhi, Rahul Gandhi and Manmohan Singh on Tuesday held a meeting to chalk out the party's strategy. Politics Beware the sexy BJP slogan: Decoding the new ETA for Modi govt's acche din Achhe din is facing that fate right now. The BJP can only console itself that at least it proves, if nothing else, they had come up with a catchy tagline that it still continues to be headline material. Sports IPL Spot Fixing Verdict: CSK, RR franchises suspended for two years IPL Spot Fixing Live: Quantum of punishment on Gurunath Meiyappan and Raj Kundra, respective IPL franchises declared. Sports BCCI to discuss fresh IPL auctions, new team bidding, de-merger The IPL Governing Council members will soon be meeting to discuss the implications and the road ahead. Sports India vs Zimbabwe, 3rd ODI: India beat Zimbabwe, win series 3-0 Live cricket score of Ind vs Zim. Read India vs Zimbabwe live cricket score here. Live commentary, live news, live match, live cricket match Sports With focus solely on NBA, Satnam Singh Bhamara makes himself unavailable for India Satnam Singh said that he will concentrate on his game to play better at NBA in the coming years. Entertainment Did many C-grade films initially: Nawazuddin Siddiqui Nawazuddin Siddiqui says he never expected to be famous as he spent the initial period of his career doing C-grade films. Entertainment 'Le panga' a hit in Egypt, Amitabh Bachchan humbled Amitabh Bachchan says he is overwhelmed as his new song "Le panga" has garnered a positive response in foreign shores as well. Entertainment Mexican music superstar Joan Sebastian dies Joan Sebastian has died following more than 15 years battling bone cancer. He was 64. Entertainment Parineeti Chopra roped in to play MS Dhoni's wife in biopic? Reportedly, Parineeti Chopra will be seen playing the role of MS Dhoni's wife, Sakshi Rawat in the upcoming biopic. 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